Td International Equity Etf Price To Earning
| TPE Etf | CAD 22.73 0.38 1.70% |
TD International Equity fundamentals help investors to digest information that contributes to TD International's financial success or failures. It also enables traders to predict the movement of TPE Etf. The fundamental analysis module provides a way to measure TD International's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to TD International etf.
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TD International Equity ETF Price To Earning Analysis
TD International's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current TD International Price To Earning | 15.37 X |
Most of TD International's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, TD International Equity is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Based on the latest financial disclosure, TD International Equity has a Price To Earning of 15.37 times. This is much higher than that of the TD Asset Management Inc family and significantly higher than that of the International Equity category. The price to earning for all Canada etfs is notably lower than that of the firm.
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Fund Asset Allocation for TD International
The fund invests 99.45% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides TD International's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
TPE Fundamentals
| Price To Earning | 15.37 X | |||
| Price To Book | 1.55 X | |||
| Price To Sales | 1.05 X | |||
| Beta | 0.98 | |||
| Total Asset | 33.34 M | |||
| One Year Return | 16.80 % | |||
| Three Year Return | 7.40 % | |||
| Five Year Return | 6.80 % | |||
| Net Asset | 33.34 M | |||
| Last Dividend Paid | 0.14 | |||
| Equity Positions Weight | 99.45 % |
About TD International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze TD International Equity's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of TD International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of TD International Equity based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with TD International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TD International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TD International will appreciate offsetting losses from the drop in the long position's value.Moving together with TPE Etf
| 0.99 | XEF | iShares Core MSCI | PairCorr |
| 0.99 | ZEA | BMO MSCI EAFE | PairCorr |
| 0.99 | VIU | Vanguard FTSE Developed | PairCorr |
| 0.77 | XIN | iShares MSCI EAFE | PairCorr |
| 0.72 | XFH | iShares Core MSCI | PairCorr |
Moving against TPE Etf
The ability to find closely correlated positions to TD International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TD International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TD International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TD International Equity to buy it.
The correlation of TD International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TD International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TD International Equity moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TD International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in TPE Etf
TD International financial ratios help investors to determine whether TPE Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TPE with respect to the benefits of owning TD International security.